Please fix the list of your offers,

RIGHT NOW IT IS NOT POSSIBLE TO CANCEL ANY SELL OFFERS.

The list of my current offers shows only buy offers, and might not even be showing all of the buy offers only a few of them.

It shows no sell offers at all.

Even when it did show a sell offer it only showed four of my sell offers, the rest of the list was buy offers and might not have shown all of the buy offers either.

-MarkM-

It is just like tulips.

So likely it will never collapse just like tulip mania never collapsed...

Or collapse just like tulip mania collapsed.

Whatever did happen with the tulips, anyway?

You can still buy them in flower shops...

-MarkM-

It is a dot org domain, thus well within U.S. ability to shut down / seize.

-MarkM-

So far the PoS coins have been centralised haven't they? Relying on some central "trusted node" like Solidcoin did?

-MarkM-

Yeah really.

Imagine if programmers sleazed the gig the way some musicians and paint-program-users and such want to.

Here ya go, here is a free program for Fedora Linux Version 17.

Oh you want that for Windows? Sorry, that is gonna cost ya...

Here ya go, here is a free accounting program to do 2013 book-keeping for you.

Oh you wanna do 2014 now? That is gonna cost ya...

Here is a free  browser for you, you can browse my website with it.

Oh you wanna browse someone else's website? Sorry, not with my program you don't...

Etc.

Seriously. I have seen them take multiple layer images, even stuff like text on one layer landscape on another, and hold back the layers, so if you want to change the text or eliminate the text you have to go in with an eraser then try to re-create the parts of the landscape the text had covered.

That is totally anti-open-source. You need the layers in order to do the simplest stupid tweaks/hacks.

Or they will take a very high resolution image, blurr it down to a compressed .jpg for the web, and hold back the actual image, releasing only the blurry compressed for the web .jpg they compiled from it using in effect an image-compiler. Their whole business-model is often about holding back the source and releasing only such compiled stuff.

With music they take a whole bunch of tracks, maybe even one per instrument or "voice", then just like with the images they crush them all together into one track they release so you cannot manipulate the tracks separately. Again, totally anti-open-source.

-MarkM-

You already picked one scrypt coin so if you have to go for another I suggest one that can be merged-mined alongside it because otherwise the hash-power is fragmented and it is unlikely two would both have half the hash-rate, likely one would end up with less than half...

For good strong hash-rate why not pick up IXCoin or I0Coin, no fragmenting of the hashing power there. IXCoin has a new dev it seems who is gung-ho on getting coloured coins running on the IXCoin blockchain.

-MarkM-

Just like there was no one to reach when Kim Dot Com's website(s) aided and abetted piracy of copyright materials?

SInce this forum has mods, it cannot claim to be a mere "common carrier" carrying content without knowing what the content is/contains.

So maybe if nothing else they could send the forum itself a cease and desist for aiding and abetting "conspiracy to violate a Trademark" or some such.

I am not licensed to practice law on the planet known as Earth so consult legal professionals local to your planet...

-MarkM-

Various players in various aspects of the Galactic Milieu who have been accumulating hoards of various types of gems - diamonds, emeralds, rubies, sapphires, large ones of each, beautiful ones of each and so on - have been inquiring as to how these gem-themed blockchain-based coins fit in to the use/existence of such objects within not just the various subgames of the Milieu but in general to games everywhere that include such minerals.

In particular they are interested in whether these blockchains aim toward providing liquidity and even transferability in much the same way that the "2000 diamonds" vouchers issued by certain banks they are accustomed to using within the game do.

They are used, for example, to being able to "buy" a 2000 diamonds voucher with 2000 actual diamonds, take that voucher to another branch of the bank, drop it on a counter and be issued 2000 actual diamonds. (Gosh knows how the bank hopes/expects to make a profit offering that service; maybe diamonds are dirt cheap to them on some planet somewhere so that the fact people trade them at all is all pure profit to them...)

-MarkM-

It is the VISAcoin tradition: always steal an existing name...

Oh and of course, take money without bothering to even release a client, whitepaper etc...

Gosh I wonder whose sockpuppet the OP is?

-MarkM-

Maybe because of all the ponzi schemes that use scrypt?

Possibly those angry kids with too much GPU power on their hands are mining ponzi coins instead of attacking litecoin?

Of course they could so very very easily PWN any/most of those ponzis...

-MarkM-

The shorting example of a possible future use of the interest calculation scripts is just an example of what such scripts could be useful for in the future; the long term secured loans that General Financial Corp currently operates do not operate on a margin calls basis; rather, reposession corps have been created and deployed that have repossessed the operations of clients who were long long in default, and those repo corps are the ones my previous post begins to describe.

Basically the scripts use an hourly compounding basis for futire compatibility with applications in which hour by hour is required more than it possibly might be required for these current kinds of long term loans.

Furthermore notice the provision of a "latest rates" file, and historical tables and plots of rates. There are no-where near enough DeVCoins to pay off loans of this magnitude, the loans are denominated in DeVCoin mostly so as to prevent the kinds of severe problems exchange-rates had been causing; the Martians used such a table of rates to calculate how many DeVCoins the number of Martian BotCoins owed was purportedly worth in order to denominate their loan to General Financial Corp in DeVCoins instead of in Martian BotCoins.

If you observe the historical prices of deuterium over time, you will see that the primary currencies, MBC, CDN, UKB etc, were going up so rapidly in value that it no longer seemed practical to expect any deuterium-producers to ever manage to produce enough deuterium to pay back their initial original startup loans (which were 500 GMC and 500 GRF per such startup operation back when they started up). Thus, rather than allow the whole "defensive shell of galaxies around the home galaxies" plan to collapse, the governments, statesmen, corporations and such all worked to find a compromise that would allow the large scale intergalactic defense fleets plan to proceed; one of the results was to choose DeVCoin as the currency of choice for denominating such loans, since if you observe again the deuterium prices table, you will see that the price as expressed in DeVCoins was far far more stable than the price as expressed in any of the very rapidly appreciating currencies of the Milieu. Thus General Financial Corp was brought into existence.

(Although I saw just now in preparing that wiki page about First Galactic Repo that FGR has not yet re-financed their loans, thus are still racking up debt to the Brits, denominated in United Kingdom Britcoin (UKB) and to the United Nations, denominated in United Nations Scrip (UNS).)

The home galaxies need defence fleets, so ultimately it is all the civilised nations, aka civilisations, of the Galactic Milieu that want these operations to succeed, so even if General Mining Corp and General Retirement Corp for some reason prove unable to provide enough custom for the repo corps the governments of the civilised worlds will find some other way to ensure the operations continue.

-MarkM-

I started a page about the very first of the many Galactic Repo Corps:

http://www.devtome.com/doku.php?id=first_galactic_repo

Going through each of it's planets typing-over the details of its current state of development seems kind of tedious so I thought having put a section about the first of its six planets I would come ask if this looks like what might be wanted or useful.

If it is, then maybe it could be worthwhile to look into developing some kind of automation that can grab the current status of a Corp's planets and transcribe them to the wiki or use them to generate a wiki page or whatever.

The basic plan of a Repo Corp is to use the proection of the planets that it repossessed to pay off the outstanding debts of the repossessed operation.

Accordingly I have listed the hourly production of the first planet, and the other planets would copy that same format, and the whole page's format would be copied for each of the Galactic Repo Corps, which so far comprise First Galactic Repo (FGR), Second Galactic Repo (SGR), Third Galactic Repo (TGR), and Galactic Repos 4 through 38 (GR4 through GR38).

I provided a link to a not yet existing wiki page [[Galactic Repo Corps]] as I think it will be more economical of words (thus pay me less shares, oh well) to put in such a page general background information such as that the main customers of these Corps, the buyers of their production (mostly the deuterium, for stockpiling against a day when the home galaxy defense fleets will need lots and lots and lots of it) are General Mining Corp and General Retirement Corp, both of which operate depots on several planets throughout the Galaxies Online family of galaxies.

The prices they pay for deuterium are show in a table that is linked from near the bottom of the page found at

http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

Not the mining, no.

You can limit what IPs you connect to or allow to connect to you, but cannot control what they connect to out beyond them.

-MarkM-

That link just goes to their page that lists categories.

-MarkM-

I've seen Bitcoins arriving in a second too.

Equally impressive.

How many seconds per confirmation, and how much hash power does each confirmation correspond to?

Also, how many nodes?

Is the network still so tiny that some nodes are connected to all other nodes?

In Bitcoin some nodes connect to to well over a thousand other nodes but that still falls far short of providing a single intermediary between any node and any other node.

-MarkM-

I have updated http://www.devtome.com/doku.php?id=general_financial_corp

What does it need to turn it into "a business plan", if anything?

Some kind of plans, presumably, as to what it plans to do moving forward?

Or is just sitting there collecting more interest from its clients that it loans to while paying less interest to the Martians from whom they borrowed their operating capital a sufficient plan for now?

They currently charge their clients

INTEREST_RATE=1.00010405 # 0.25001900%/day compounded hourly

while being charged by the Martians

INTEREST_RATE=1.00005205 # 0.12499400%/day compounded hourly

The interest accrual scripts always use a minimum of one hour.

(That is partly so they could also be used in applications such as shorting and such without encouraging getting spammed with rapid-fire "borrow, repay, borrow, repay" kind of activity.)

-MarkM-

Well whatever, once you get the details figured out put them in the whitepaper then coders etc will know what it is you want and be able to provide quotes on how much it is going to cost you to get it made for you.

-MarkM-

Bitcoin uses 64 bit integers to represent Satoshis. In order to fit more than 90,000,000 or so (the sctual figure is in the various articles etc) you need to use those 64 bits to represent a larger portion of a whole coin than the 1/100,000,000th of a coin the Satoshi represents.

Basically lower the number of bits/digits that will be printed after the decimal in order to increase the number that will be printed before the decimal.

The decimal-number representation is cosmetic, it is merely how you print the value that is represented by the 64 bit integer that is in the blockchain.

-MarkM-

Bitcoin carries a huge liability in the form of miners/mining.

Miners demand 100% of all coins ever to be minted, plus transaction fees too on top of that.

That is a huge overhead expense, which ultimately has to come out of the pockets of the "shareholders" aka the holders of the currency.

Get that huge liability out of the way - find a way to not need that insanely huge expense - and that should leave more wealth available to the holders of a currency, yes?

Certainly moving away from even attempting to meet the ridiculous demands / attitude of miners didn't seem to hurt those that did move away from using the blockchain method of securing a ledger / consensus and thus from the insanely expensive overhead of trying to meet such ridiculous demands.

-MarkM-

Um, that article doesn't seem to offer people any way to invest in your plan, nor indicate in what way it is a business (who are the customers of the business, how do they buy the service or product).

I think the bounties were not so much about a how to guide to how to invest personally in cryptocurrencies but, rather, about plans for businesses or investment funds or suchlike in which other people could invest or that provide services or goods for other people ("customers").

Spiff up your daytrading plan with some kind of shares people can buy into or something to make is a daytrading business, selling the service of daytrading to people or offering shares people can buy to get a portion of the profits or something and then I'd say okay that seems like a business.

As it is so far it seems more of a guide as to how employees (daytraders) of such a business could go about doing their job than a plan as to how such a business would operate in the sense of how it plans to attract and serve customers and earn hopefully eventually some profit doing so.

Maybe things like how many shares will be issued, how it will wind down being a business and move to being a private investment in the event it makes enough profit to no longer need "other people's money" in order to do its trading, how it will deal with losses, on what latform or by what method it will administrate its shares if it plans to sell shares of itself rather than just sell daytrading-as-a-service...

I have also thought about this kind of business, asking myself whether it is something General FInancial Corp should include among its activities or some new Corp should be launched to do it (General Trading Corp, maybe?) but I am not sure the volume is there, enough volume to be able to work with enough of "other people's money" to be able to pay a reasonable hourly wage to one or more daytraders and still come out ahead aka still either grow the Corp's capital or issue profits as dividends to shareholders.

How much do you or the business's employees currently make per day daytrading? What kind of wages do the daytrader(s) make, what kind of profits if any are left over after paying the daytrader(s)? How risky is it, do you see many days of no or negative income? What happens if there is not enough income to pay the wages? Etc.

How much of other people's money can the business accomodate? There is only so much capital one can reasonably move around in those markets isn't there? Or do you have a plan whereby even if someone said okay sure count me in for a hundred thousand bitcoins worth your traders would be able to operate effectively making reasonable profits for such an investor or customer?

Re the guestimate of receiver shares, it is merely a mean/average, the actual sending out of shares is a round-robin. Thus the more times the 4000 blocks gets to go around the robin (list), the closer it will be able to approach smooth/even distribution. The closer the number of shares in a round is to the limit of 4000 the more the difference in how many times around a given person was included in will make chunky differences / deviations from that mathematical ideal (the mean/average).

That is another reason to want to keep the number of shares per round low: it will get to loop more times through the list, so that being one of the odd ones out that didn't get included in the last loop-through would be less of a difference from what other people with the same number of shares in that round got.

For example if there are 3999 shares, one share gets looped-through twice. If there are 3991 shares, nine shares get looped through twice, and so on.


Back to the "business plan", I now see Unthinkingbit approved it. Unthinkingbit, could you explain a little more what you mean by "a business", inasmuch as I don't see any customers in Smeagol's plan, it looks to me more like a how to play the markets guide or something along those lines.

EDIT: Just to add some clarity: long ago on NetMarketingForum dot com I learned that the big, major, massive difference between a business and a self-employed job is employees. Being self-employed is a hobby (if it is not making profit) or a job, not a business. The big challenge is to turn it into a business, that is, to make it scale-able, to make it not be limited to just what the one person can do as their hobby or job. If it is just you, you are just doing a job, and often not a particularly profitable one, in fact often working for less than minimum wage, which is not sustainable when you need to start replacing that employee with someone else who will do that job for the business or expand by hiring more people to do that job for the business in addition to the person currently doing it.

-MarkM-